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Rate-Making For Farm-Level Crop Insurance

Author

Listed:
  • Reed, Michael R.
  • Skees, Jerry R.

Abstract

This research identifies two problems in the new Federal Crop Insurance that may cause adverse selection: 1) the relationship between rate-making and expected yields for individual farmers, and 2) the bias introduced in coverage protection when trends are not used to establish ••• expected yields. A theoretical investigation using the normality assumption demonstrates the potential severity of these problems and empirical results from farm-level data lend further support.

Suggested Citation

  • Reed, Michael R. & Skees, Jerry R., 1985. "Rate-Making For Farm-Level Crop Insurance," 1985 Annual Meeting, August 4-7, Ames, Iowa 278643, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea85:278643
    DOI: 10.22004/ag.econ.278643
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